Wolfe Announces the Sale of a Private Refrigerated Truckload Carrier
New York, NY — May 8, 2014 - Wolfe Research Securities (“Wolfe”), the broker-dealer affiliate of Wolfe Research, LLC, is pleased to announce the sale of a majority interest in a private, family-owned refrigerated truckload carrier (“Company”) to Accelerated Value Creation Partners (“AVC Partners”), a private equity firm focused on niche businesses in the middle market. Wolfe served as exclusive financial advisor to the Company for this transaction.
Craig Decker, Managing Director at Wolfe, has maintained a long-standing, close relationship with the owners of the Company with the knowledge that its national footprint, industry leading operating performance and strong operating culture would result in the Company being a highly sought after acquisition candidate. Wolfe identified a select group of potential acquirers whose characteristics would be aligned with the Company’s for continued growth of the business.